The Environment MInistry has opted for a compromise solution to deal with the opposition of municipal mayors to provisions in the new building regulation regarding the maximum heights of buildings.
Greek buyers are now making a dynamic return to the holiday home market, for the first time since the outbreak of the financial crisis.
The tax authorities are increasing the burden on owners choosing to rent out their property short-term.
Changes in the tax framework for the short-term rental market have not deterred property owners.
The conflict over building heights in Athens took on a new twist on Friday with the Technical Chamber of Greece (TEE) sending an out-of-court notice threatening lawsuits against the mayors of Alimos and Vari-Voula-Vouliagmeni, who have imposed a suspension of the issuance of construction permits that make use of bonuses included in the building regulation.
There are significant disparities between the expectations of sellers and reality when it comes to property transactions in Attica, according to data regarding sales in 2023.
New applications for five-year residence permits through the Golden Visa program continue unabated.
One in five property owners will pay a reduced Single Property Tax (ENFIA) this year.
Real estate transactions hit an all-time high in Cyprus last year, Deloitte has said in a report, noting that interest was focused on the residential market and on the seaside city of Limassol.
The Single Property Tax (ENFIA) pay slips for approximately 7.3 million property and business owners have been posted on the myAADE digital portal for the financial year 2024.
The growth }in the sale and rental rates of houses and apartments in Attica continued during this year’s first quarter.
One after another, islands that until today were considered alternative or generally far off the beaten track are changing in appearance.
It was a networking lunch at a modern taverna in the downtown Athens district of Kolonos, bringing together a building contractor, two buyers, an architect, a journalist and an intermediary, from Lebanon, Syria and Sweden, while also including two Greeks.
The Finance Ministry presented on Thursday changes to the Golden Visa program increasing the minimum amount a third national needs to invest and secure the residence permit, in an effort to tackle the country’s housing crisis.
The government is finalizing its changes to the Golden Visa program, which will now be addressed to a significantly smaller number of investors. Kathimerini understands there will be several and significant changes.
The government is considering to impose restrictions on short-term rental properties acquired through the “Golden Visa” program.
The Municipality of Iraklio on Crete has of its own accord put a freeze on the imposition of fines for illegal structures in the city. Iraklio Mayor Alexis Kalokairinos said the aim of the decision is to pressure the Environment Ministry to once again allow the legalization of buildings without a permit or with major […]
According to a report on Bloomberg, the Cyprus Golden Visa Program has surged in popularity.
Real estate professionals, foreign investors and homeowners have been concerned in the past few days over the precise changes being planned to the Golden Visa program.
Reports circulating in the market in recent days regarding the Golden Visa program suggest that the government intends to establish three different investment thresholds, depending on the area where the property in question is located.
The government is about to increase the threshold for the Golden Visa program to 800,000 euros in some cases.
Greece is considering plans to substantially increase the threshold for real estate investment to qualify for a five-year residence permit, a widely known program called the Golden Visa, its prime minister said on Friday.
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